MIAMI DADE LOAN MODIFICATION AND FORECLOSURE ATTORNEYS Now that the deadline to submit a Home Loan Modification request under the Making Homes Affordable Program has expired (the last date for submission was December 30, 2016 and has not been extended by the Trump or Obama Administration) what will happen with all the borrowers who are again struggling to pay their… Read more »
Many homeowners, and realtors alike (offering short sale advice to their clients), are unaware that a short sale on a primary residence in Florida, will result in a complete forgiveness of debt to the homeowner seller. The American Taxpayers Relief Act of 2012, which extended the Mortgage Forgiveness Debt Relief Act through December 31, 2013, provides full protection to homeowners… Read more »
THE TRADITIONAL SHORT SALE HAS BEEN REPLACED WITH THE SIMPLIFIED HAFA SHORT SALE, WHICH IS MAKING SELLERS AND BORROWERS’ CHANCE OF APPROVAL MUCH EASIER THESE DAYS. The main differences under the HAFA short sale that affect borrowers is the following: No Occupancy Requirements – The borrower need not prove that the residence is their “primary residence” as defined… Read more »
The Government has announced that the Home Affordable Refinance Program (HARP) and the Home Affordable Modification Program (HAMP) will be extended until the end of 2016. HAMP provides modifications for homeowners that are facing hardships and can no longer afford their mortgages. In order to qualify for a loan modification under HAMP, the guidelines are… Read more »
Short Sales are up this year. In my practice, I have seen an increase in short sales from borrowers that are either unable to continue to pay their loan modification mortgage. Or, borrowers that have tried to modify and were unsuccessful. In a short sale, the borrower stays in the home while the home is… Read more »
Whether you are buying or selling real estate… the market is hot!! We are back to the days of the bidding cash wars, with buyers placing offers at over listing price, and sellers choosing their buyer from many a pool of eager takers. However, in the tail end of the financial foreclosure crisis, with so many properties… Read more »
This week, the short sale arm of the Making Home Affordable Program, HAMP, known as HAFA, announced an increase to $10,00 in its payout relocation assistance to property owners. For short sales commenced after February 1, 2015, homeowners who qualify under the HAFA program, are eligible to receive a $10,000 check from their lenders. Additionally, under the… Read more »
SOUTH FLORIDA DEBT SETTLEMENT LAWYERS DEBT SETTLEMENT ATTORNEYS If you are facing insurmountable debt, be it from a credit card, a HELOC Home equity line of credit loan, student loans, or other debt, you have probably thought about filing for bankruptcy? You have probably thought you have no options. But, there are options. And Many… Read more »
William P. D. Pierce of Coldwell Banker Residential Real Estate has successfuly sold the highest most expensive condominium in Miami’s History. The sales price of the Penthouse located at 1601 and 1602 The Residences at The Miami Beach EDITION has sold for $34 Million. Designed by famed architect John Pawson, the units boast a 360 degree view… Read more »
